AS PENNU COMPUTER TECHNOLOGY GROUP

INCOME STATEMENT

01.07.98-30.06.99

 

Consolidated, unaudited

in thousand EEK

                                                  1998/99          97/98

 

Net sales                                         127,589        181,430

Other revenue                                       2,239          4,290

Total revenue                                     129,828        185,720

 

Materials, consumables, supplies and servi        116,826        157,765

Other operating expenses                           13,839          9,544

Personnel expenses                                  7,159              0

incl. salary-related expenses                       5,399          5,179

social security taxes                               1,761          1,689

Depreciation                                        5,192              0

incl. depreciation and value adjustments on

non-current assets                                  1,656          1,202

value adjustments on current assets                 3,536             14

Other expenses                                      3,079          3,112

Total expenses                                    146,095        178,505

 

OPERATING PROFIT                                  -16,268          7,215

 

Financial income                                    2,050          3,005

incl.Income from subsidiaries                          17              0

Income from associated companies                      487            866

Foreign exchange gain                                 291            100

Other interest and financial income                 1,254          2,038

Financial expenses                                 27,712          3,998

incl.share of result of subsidiaries               11,299             36

share of result of associated companies               510             32

Interest expenses                                   3,686          3,864

Foreign exchange loss                                 558             61

Other financial expenses                               95              6

Value adjustments on financial investments         11,563

 

PROFIT FROM NORMAL ACTIVITIES                     -41,930          6,221

Profit before income tax                          -41,930          6,221

 

Income tax                                            467          1,756

Deferred income tax  liability                                       241

 

Net profit for the period                         -42,263          4,224

 

Minority interest                                    -161             14

NET PROFIT FOR THE GROUP                          -42,102          4,211